click to show more information

click to hide/show information About your Search

20121112
20121112
Search Results 0 to 0 of about 1
work to do and the more work we have to do the more money we make. >> host: what are the loopholes that the companies exploit? >> guest: for one i've been calling on mitt romney you could live tax-free. you invest in instruments that don't pay a dividend. deutsch interest they won't pay any tax on that. with a billion dollars a cubic 5% you will make $50 million the first year and say i have a lavish lifestyle we have the family plaine and private schools and this and that what we define $10 million. the banker once $10 million to pay 2% interest it's now grown to a billion 50 million the 10 million next year the fortune grows to 1.1 billion you have spent 20 million plus about $300,000 in interest you will be better and better off and not contribute at all to the cost of the government if you are a hedge fund manager or private equity manager as romney was during 2001 when he was the owner of bain capital the government rules allow you to be for all of your income in your fund and pay no taxes. you might have other investments in the income but pretty much you can live tax-free. i
Search Results 0 to 0 of about 1